Instagram Crosses 700 Million Monthly Active User Mark

This is the fastest 100 million user gain for the company.

Popular photo-sharing app Instagram today announced that it now has over 700 million monthly active users. The company has gained 100 million new followers in just under 5 months. It crossed the 600 million active user mark in December 2016.

"We've made it even easier for people across the globe to join the Instagram community, share their experiences and strengthen connections to their friends and passions. With new features like stories, live video and disappearing messages in Direct, people now have more ways than ever to express themselves and feel closer to what matters to them," Instagram said in a blog post.

Inspired by Snapchat, Instagram's 'story' feature was introduced last year in August and has been doing quite well since then. According to latest reports, it has surpassed 200 million daily active users, which is greater than Snapchat's user-base.